Brady Corporation (BRC) VP Thomas J. Felmer Sells 2,649 Shares

Brady Corporation (NYSE:BRC) VP Thomas J. Felmer sold 2,649 shares of Brady stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $39.52, for a total value of $104,688.48. Following the completion of the transaction, the vice president now directly owns 57,668 shares of the company’s stock, valued at $2,279,039.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Brady Corporation (NYSE BRC) traded up $0.15 during mid-day trading on Tuesday, reaching $39.25. The company had a trading volume of 328,600 shares, compared to its average volume of 203,245. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.62 and a current ratio of 2.19. The firm has a market capitalization of $2,015.92, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 2.70 and a beta of 1.19. Brady Corporation has a 1 year low of $31.70 and a 1 year high of $40.50.

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Brady (NYSE:BRC) last announced its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The firm had revenue of $290.15 million during the quarter, compared to analyst estimates of $286.75 million. Brady had a return on equity of 13.90% and a net margin of 8.81%. The company’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share. analysts expect that Brady Corporation will post 1.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 10th will be given a $0.2075 dividend. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $0.83 dividend on an annualized basis and a yield of 2.11%. Brady’s payout ratio is 43.92%.

A number of research analysts recently issued reports on the company. Zacks Investment Research cut Brady from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. Robert W. Baird set a $36.00 price target on Brady and gave the company a “hold” rating in a report on Thursday, August 24th. SunTrust Banks reaffirmed a “hold” rating and issued a $38.00 price target on shares of Brady in a report on Friday, October 27th. Finally, Bank of America lifted their price target on Brady from $33.00 to $34.00 and gave the company an “underperform” rating in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Brady currently has an average rating of “Hold” and an average target price of $39.60.

A number of hedge funds have recently made changes to their positions in the stock. Invictus RG acquired a new stake in Brady in the third quarter worth about $486,000. OxFORD Asset Management LLP increased its position in Brady by 34.9% in the third quarter. OxFORD Asset Management LLP now owns 37,002 shares of the industrial products company’s stock worth $1,407,000 after purchasing an additional 9,571 shares during the period. Dimensional Fund Advisors LP increased its position in Brady by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,753,034 shares of the industrial products company’s stock worth $66,528,000 after purchasing an additional 38,340 shares during the period. Hartford Investment Management Co. acquired a new stake in Brady in the third quarter worth about $204,000. Finally, Schwab Charles Investment Management Inc. increased its position in Brady by 4.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 335,230 shares of the industrial products company’s stock worth $12,722,000 after purchasing an additional 14,074 shares during the period. Hedge funds and other institutional investors own 76.88% of the company’s stock.

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Brady Company Profile

Brady Corporation is a manufacturer and supplier of identification solutions and workplace safety products that identify and protect premises, products and people. The Company has two segments: Identification Solutions (IDS) and Workplace Safety (WPS). The IDS segment includes identification and healthcare products, and the WPS segment includes workplace safety and compliance products.